Thursday, 21 January 2016

UK House Price Growth Edges Up, Investors Rush For Buy-To-Let

Investors are trying to beat a tax increase on buy-to-let properties in Britain, helping to push up house prices last month, according to a survey. The Royal Institution of Chartered Surveyors (RICS) said its monthly house price balance rose to +50 from +49 in November, in line with a Reuters poll of economists. Overall demand for new properties rose to a three-month high after the announcement that a higher rate of real estate purchase tax would be introduced in April for investors seeking to buy properties in order to rent them out. Read more on the Reuters website.

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